This Friday at 8:30am EST the US government will release their latest Employment Situation number. If the number is less than the economist consensus there is a 71.4% probability that USD/JPY will trend higher for 12 hours following the news event.

This probability is based on the last 12 Employment Situation events, in which 5 of the last 7 events where the actual number was lower than the economist consensus resulted in strengthening of the USD. Here are images of the past events:

USDJPYEmplymentSituation3Feb2017

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Disclaimer: Past performance may not be indicative of future performance

 

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